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They are an established Canadian gold producer with operations located principally in northwestern Quebec and exploration and development activities in Quebec, Ontario and Nevada. In addition they have producing properties in Finland and Mexico. They are focused on the expansion and large scale exploration program of its LaRonde Mine which is expected to result in increased gold production and expanded gold reserves.

Gold is both a trading commodity and a major production component for the jewelry and electronics industries. As the economy recovers the demand for jewelry will increase. Right now the Europeans, Chinese and Russians are investing heavily in gold coins and bullion. Good producers like this can always make a profit.

Wall Street brokerages have 9 buy recommendations distributed to their clients based on some out of sight projections. They estimate that sales will increase by 122.40% this year and 25.80% next year. As the price of gold is expected to increase the projections for earnings per share are predicted to have increases of 162.30% this year, 42.50% next year and maintain a 5 year annual EPS growth rate of 59.00%. I can't ignore projections like this in the roller coaster market we are experiencing.

The recent price momentum is very positive. The stock hit 15 new highs in the last 20 sessions and has appreciated 17.18% in the last month. Barchart has an 80% technical buy signaland the stock trades above it's 20, 50 and 100 day moving averages. The 14 day Relative Strength Index is 72.35% and rising. The recent price of 65.10 is well above its 50 day moving average of 59.25.

The stock has a very large and positive following on Motley Fool with the CAPS members voting 1077 to 86 that the stock will beat the market and the All Stars agree 329 to 26.

I added the stock because:

1 -T he production properties are in stable countries

2 - Gold can be used both as an investment and for jewelry and other products

3 - Wall Street projections for both sales and earning increases are very aggressive and they are pushing this stock to their clients